1242 West Academy Street
1242 West Academy Street
$650,000
—
2,668
2,668
$244
Description
Discover a unique investment at 1242 West Academy St., ideally located near the Winston-Salem Dash Stadium. This fully-rented triplex on a 0.99-acre lot has been recently rezoned to RM-18, allowing for expansion to 14 additional apartments. Architecturally designed and engineered plans for the new development are included. Current tenants are on month-to-month leases, providing flexibility and immediate cash flow, with significant potential for rent increases. Key Features:
-Prime location near downtown...Discover a unique investment at 1242 West Academy St., ideally located near the Winston-Salem Dash Stadium. This fully-rented triplex on a 0.99-acre lot has been recently rezoned to RM-18, allowing for expansion to 14 additional apartments. Architecturally designed and engineered plans for the new development are included. Current tenants are on month-to-month leases, providing flexibility and immediate cash flow, with significant potential for rent increases. Key Features:
-Prime location near downtown and stadium. -Fully rented triplex with room for rent growth. -Potential to develop 14 new apartments. -Month-to-month tenants. Please do not disturb tenants. Contact us for more information. Note: Listing agent has ownership interest in the property.
-Prime location near downtown...Discover a unique investment at 1242 West Academy St., ideally located near the Winston-Salem Dash Stadium. This fully-rented triplex on a 0.99-acre lot has been recently rezoned to RM-18, allowing for expansion to 14 additional apartments. Architecturally designed and engineered plans for the new development are included. Current tenants are on month-to-month leases, providing flexibility and immediate cash flow, with significant potential for rent increases. Key Features:
-Prime location near downtown and stadium. -Fully rented triplex with room for rent growth. -Potential to develop 14 new apartments. -Month-to-month tenants. Please do not disturb tenants. Contact us for more information. Note: Listing agent has ownership interest in the property.
- Listed by Jay Powell • Dalton Wade, Inc. • jpowell05@gmail.com
Property Details for 1242 West Academy Street
Architectural Style
A-Frame
Parking FeaturesParking Lot
Location
LISTING UPDATED: 05/22/2024 12:20 PM
Property Details for 1242 West Academy Street
Status | Active |
---|---|
MLS # | 4142395 |
Days on Market | 21 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Triplex |
Year Built | 1954 |
Lot Size | 0.99 AC / 43,124 SF |
County | Forsyth County |
Location
Building Information for 1242 West Academy Street
Stories-Residences-Year Built1954Building Size-Lot Size0.99 AC / 43,124 SF
Payment Calculator
$3,637 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1242 West Academy Street
Property History for 1242 West Academy Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1242 West Academy Street
Taxable ValueLand$69,300Additions$11,100Total$80,400
Tax Record2023$1,076 ($90 / month)
Home Facts
Total Finished SqFt2,668 SqFtAbove Grade Finished SqFt2,668 SqFtStories1Lot Size43,124 SqFtStyleQuadraplexYear Built1954ZoningRSQCountyFORSYTHAPN6825-71-9845.00
Schools near 1242 West Academy Street
This home is within Winston Salem & Forsyth County School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 11 to 12 |
Rating | School | Distance |
---|---|---|
Brunson Elementary PublicPK to 5 | ||
Wiley Middle Public6 to 8 | ||
Reynolds High Public9 to 12 | ||
Middle College Of Forsyth Cnty Public11 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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